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Operational Resilience – is it a journey or a destination?
Author: Robin Hamilton, CEO Now that the key milestone of March 2022, set by both the PRA and the FCA, has passed, we know that a lot of...
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PRA sets out next steps in UK operational resilience roadmap
In a recent speech, the PRA’s David Bailey set out the regulator’s view of the progress that firms have made in terms of operational...
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Operational Resilience Scorecard Case Study
Background Aldbury International was commissioned to undertake an independent baseline assessment of an in scope dual regulated firm’s...
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Aldbury and CoBOS Technology announce a joint venture to digitise Operational Resilience
Aldbury International and CoBOS Technology are pleased to announce a joint venture, focusing on simplifying how firms report and track Operational Resilience regulatory compliance. The collaboration has enabled the creation of a digital, industrial standard Operational Resilience assessment framework that governs all aspects of the regulatory requirements of both the FCA and the PRA. Robin Hamilton, CEO of Aldbury International, stated: "We recognised that all the information
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FCA Mission Creep
Author: Chris Goodeve-Ballard As a title, this is probably more prejudicial than is polite – but hey ho – why not? Those who subscribe to the FCA updates that pop into your inbox at the end of each day will have seen a not altogether unsurprising one regarding cyber security and Russia sent out last week. https://www.fca.org.uk/firms/operational-resilience/russian-invasion-ukraine Given what is happening in Ukraine and the ensuing risk to all businesses as well as national in
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A Journey of a Thousand Miles...and all that stuff
Author: Chris Goodeve-Ballard For those of you who had sat back, opened a bottle of Merlot and thought “phew – got that operational resilience stuff out of the way”, I’m going to wreck your day. By all means, finish your Merlot, but now the real work has to start. The deadline from the PRA and the FCA of 31st March 2022 wasn’t the end of the project but the squeezing of the trigger on the starting gun. Identifying your Important Business Services, your Impact Tolerances, carr
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Operational resilience and risk management experts now in high demand
An article was released recently (10th March 2022) by the BBC about how businesses and other organisations are seeking risk management experts to help plan for, and cope with, the impact of a crisis. The Coronavirus pandemic sadly revealed that too many firms did not have contingency plans in place for how they would best deal with such an event, and now with the conflict in Ukraine damaging the world economy, this service is even more sought after. We are experts in operati
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The Unthinkable Has Become Thinkable
Author: Chris Goodeve-Ballard The day has arrived that to many of us was once unthinkable. I was a soldier in the early 80s and the idea...
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FCA update: watch our latest webinar
A big thank you to those who were able to join us on 'The Operationally Resilient Organisation' webinar. We hope you found the session...
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Case Study: Building Society
Background: The client’s CEO wanted focused support to help fully understand the needs of both the FCA and the PRA, cognisant of the...
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